Non-qualified retail investors can purchase maximum 300,000 rubles (~$3,000 USD) per year across all Russian brokers combined. This sounds small per person, but aggregated across millions of new accounts, it creates measurable volume and a structural price floor.
Russian financial institutions must register with regulators, integrate settlement procedures, and pass compliance audits by September 1. Large Russian banks and international brokers with Moscow operations are already preparing. Expect trading to begin immediately after the framework takes effect.
Only three assets qualified: Bitcoin, Ethereum, and USDT. This selection isn't accidental. Central bank approval grants these assets the same regulatory legitimacy as stocks and bonds in Russian markets—a major milestone for global adoption.
XRP, Solana, Cardano, and others did not meet the strict criteria (market depth, five-year track record, daily volume requirements). This exclusion sets expectations: altcoins seeking institutional legitimacy must clear high hurdles, not just retail enthusiasm.
Pent-up crypto curiosity in Russia is real. As soon as brokers go live on Sept 1, expect retail opening accounts and hitting purchase limits. This could show up as volume spikes and price action during the first week of September.
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